Haldea said 2017-18 was the best year ever for initial public offer (IPO) market by far, the previous high being in 2007-08 when Rs 41,323 crore was raised.

The report further said 45 mainboard IPOs came to the market collectively raising Rs 82,109 crore.

The overall response from the public to the mainboard IPOs of the year was also very good, it said, adding 17 IPOs received mega response of more than 10 times subscription.

Final response data of 6 IPOs is not yet available, the report noted. The amounts of mainboard IPOs of Karda Constructions, HAL, Sandhar Technologies, MIDHANI, ICICI Securities and Lemon Tree Hotels have been calculated on the basis of lower price band.

As far as retail investors are concerned, the year witnessed very good response from them as well.

Haldea said response to IPOs was further buoyed by strong listing performance. Of the 38 IPOs which got listed, 17 gave a return of over 10 per cent (based on closing price on listing date).

The year also witnessed significant activity on the SME platform. There were as many as 155 SME IPOs, the highest ever, which collected a total of Rs 2,247 crore.

Offer for sale through stock exchanges (OFS), which is for dilution of promoters’ holdings, saw an increase from Rs 8,390 crore raised last financial year to Rs 18,438 crore raised in 2017-18.